CIMdata PLM Industry Summary Online Archive
28 February 2005
Acquisitions
Cadence and Verisity Announce Expiration of Hart-Scott-Rodino Waiting Period
Cadence Design Systems, Inc. and Verisity Ltd. announced that the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, relating to Cadence's proposed acquisition of Verisity, expired on Feb. 25, 2005.
On Jan. 12, 2005, the two companies signed a definitive agreement under which Cadence® agreed to acquire Verisity® . The transaction remains subject to approval by Verisity's shareholders and satisfaction or waiver of other closing conditions.
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